NVIDIA CEO Jensen Huang Sells Shares Amid AI-Driven Stock Surge
NVIDIA CEO Jensen Huang divested 75,000 shares worth approximately $12.94 million on Friday, executing a pre-arranged trading plan filed in March. The sale, part of a 10b5-1 program allowing insiders to schedule transactions, coincides with NVIDIA's stock reaching a record high. The chipmaker's valuation now exceeds $4 trillion as its AI-focused GPUs power leading technologies like ChatGPT.
Concurrently, Nvidia confirmed plans to resume H20 chip sales to China following anticipated export license approvals. The company's dominance in AI infrastructure continues to drive investor confidence, with demand for its hardware outpacing supply across generative AI applications.